Sunday, May 28, 2006

Well for fuck sakes give me some cold air.

Well to hell with this hot weather. I always have to pick the hottest days of the year to do anything outside. For the past few weekends I have been helping out at a local animal shelter. Man it gets hot and tireing walking dogs for 8 hours a day.

On another note I am planning to sell my awsome pad and live in my parents house. Don't get any funny ideas in your head. They are going to move out and live in the road so im not going to move back in with them. I gonna have alot of work to do inorder to make there place livable under my standards but I'm up to the challange. I mean it only took my 8 years to get this house turned into a sweet pad.

14 Comments:

Blogger Liam said...

You gotta set up a pool again.

That's pretty exciting... Good luck selling the crib--and paying the capital gains taxes on it!

10:18 PM  
Blogger Nick said...

Keith, no need to worry about capital gains tax. As long as the property you are selling is your pricipal residence you are allowed to exlude up to $250,000 ($500,000 if married) in capital gain for the sale of the property. You can do this every two years and as many times as you like in your life.

Here is where you can read more:

http://www.fool.com/taxes/2000/taxes000428.htm

6:15 PM  
Blogger Nick said...

On more thing... You may want to consider setting your house up as a rental property. It is in a prime spot and would be perfect. You can be the landlord. You already know how to fix things up if something breaks. You could make a pretty penny on it. First, consider refinancing to use the equity you have already built so you can have lower payments. Then, the rent you charge will more than pay for your mortgage payments. Also, you can be very very selective on how rents it. A new family say. Then you don't have to worry about them terring it up.

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